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Tuesday, November 14, 2017

Today's Headlines

Germany Puts Euro-Area Economy in Line for Best Growth in Years.
The euro-area economy maintained its solid pace of expansion in the
third quarter, keeping it on track for its best annual performance in a
decade. Gross domestic product rose 0.6 percent in the period,
unchanged from a flash estimate, the European Union’s statistics office
said Tuesday. In Germany, the region’s largest economy, expansion
accelerated to 0.8 percent, while Italy’s picked up to 0.5 percent.

One57 Foreclosure Shatters Price Dreams at Billionaires' Tower. When
a full-floor penthouse at Manhattan’s One57 sold at a foreclosure
auction, it didn’t just settle an international mortgage gone bad. The
deal also set a new price standard for the Billionaires’ Row tower that
once stood as a symbol of unlimited extravagance. The
6,240-square-foot condo spanning the skyscraper’s 79th floor sold for
$36 million last week to an unidentified buyer, the highest of five
bidders in addition to the lender. The price was 29 percent less than
the $50.9 million that Nigerian businessman Kolawole Akanni Aluko paid
for the apartment when he bought it new in 2014.

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